How to Lend Lido DAO (LDO)

Introduction

Lending Lido DAO can be an excellent choice for those looking to hold LDO while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Lido DAO (LDO) Tokens

   To lend Lido DAO, you first need to possess it. To acquire Lido DAO, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Nexo	Lido DAO (LDO)	0,57
   PrimeXBT	Lido DAO (LDO)	0,57
   YouHodler	Lido DAO (LDO)	0,57
   Binance	Lido DAO (LDO)	0,57
   BTSE	Lido DAO (LDO)	0,57
   Coinbase	Lido DAO (LDO)	0,57

   View all 63 prices

2. 2. Select a Lido DAO Lender

   Once you have LDO, you'll need to select a Lido DAO lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   YouHodler	Lido DAO (LDO)	Up to 30% APY
   Aave	Lido DAO (LDO)	Up to 0% APY

   View all 4 lending APYs

3. 3. Lend Your Lido DAO

   Once you've selected a platform to lend your Lido DAO, transfer your Lido DAO into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.